GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Guangzhou Hongmian Zhihui Science and Technology Innovation Co Ltd (SZSE:000523) » Definitions » Cyclically Adjusted Book per Share

Guangzhou Hongmian Zhihui Science and Technology Innovation Co (SZSE:000523) Cyclically Adjusted Book per Share : ¥1.52 (As of Sep. 2024)


View and export this data going back to 1993. Start your Free Trial

What is Guangzhou Hongmian Zhihui Science and Technology Innovation Co Cyclically Adjusted Book per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years.

Guangzhou Hongmian Zhihui Science and Technology Innovation Co's adjusted book value per share for the three months ended in Sep. 2024 was ¥0.801. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is ¥1.52 for the trailing ten years ended in Sep. 2024.

During the past 12 months, Guangzhou Hongmian Zhihui Science and Technology Innovation Co's average Cyclically Adjusted Book Growth Rate was -100.00% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was -12.30% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was -7.90% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 2.10% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Book Growth Rate using Cyclically Adjusted Book per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of Guangzhou Hongmian Zhihui Science and Technology Innovation Co was 10.40% per year. The lowest was -12.30% per year. And the median was 7.40% per year.

As of today (2024-10-31), Guangzhou Hongmian Zhihui Science and Technology Innovation Co's current stock price is ¥3.28. Guangzhou Hongmian Zhihui Science and Technology Innovation Co's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2024 was ¥1.52. Guangzhou Hongmian Zhihui Science and Technology Innovation Co's Cyclically Adjusted PB Ratio of today is 2.16.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Guangzhou Hongmian Zhihui Science and Technology Innovation Co was 12.33. The lowest was 0.83. And the median was 2.25.


Guangzhou Hongmian Zhihui Science and Technology Innovation Co Cyclically Adjusted Book per Share Historical Data

The historical data trend for Guangzhou Hongmian Zhihui Science and Technology Innovation Co's Cyclically Adjusted Book per Share can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Guangzhou Hongmian Zhihui Science and Technology Innovation Co Cyclically Adjusted Book per Share Chart

Guangzhou Hongmian Zhihui Science and Technology Innovation Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.49 2.40 1.90 1.77 1.62

Guangzhou Hongmian Zhihui Science and Technology Innovation Co Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Cyclically Adjusted Book per Share Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.66 1.62 1.58 1.54 1.52

Competitive Comparison of Guangzhou Hongmian Zhihui Science and Technology Innovation Co's Cyclically Adjusted Book per Share

For the Household & Personal Products subindustry, Guangzhou Hongmian Zhihui Science and Technology Innovation Co's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Guangzhou Hongmian Zhihui Science and Technology Innovation Co's Cyclically Adjusted PB Ratio Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Guangzhou Hongmian Zhihui Science and Technology Innovation Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Guangzhou Hongmian Zhihui Science and Technology Innovation Co's Cyclically Adjusted PB Ratio falls into.



Guangzhou Hongmian Zhihui Science and Technology Innovation Co Cyclically Adjusted Book per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years.

What is Cyclically Adjusted Book per Share? How do we calculate Cyclically Adjusted Book per Share?

Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Book per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the book value per share from 2001 through 2010.

We adjusted the 2001 book value per share data with the total inflation from 2001 through 2010 to the equivalent book value in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's book value is $1 a share in 2001, then the 2001's equivalent book value in 2010 is $1.4 a share. If Wal-Mart's book value is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 book value in 2010 is $1.35. So on and so forth, you get the equivalent book value per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted Book per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

For example, Guangzhou Hongmian Zhihui Science and Technology Innovation Co's adjusted Book Value per Share data for the three months ended in Sep. 2024 was:

Adj_Book= Book Value per Share /CPI of Sep. 2024 (Change)*Current CPI (Sep. 2024)
=0.801/115.7848*115.7848
=0.801

Current CPI (Sep. 2024) = 115.7848.

Guangzhou Hongmian Zhihui Science and Technology Innovation Co Quarterly Data

Book Value per Share CPI Adj_Book
201412 1.995 99.000 2.333
201503 2.004 99.900 2.323
201506 2.004 99.500 2.332
201509 2.042 100.500 2.353
201512 2.043 100.600 2.351
201603 2.765 102.200 3.133
201606 2.759 101.400 3.150
201609 2.770 102.400 3.132
201612 2.843 102.600 3.208
201703 2.855 103.200 3.203
201706 2.854 103.100 3.205
201709 2.849 104.100 3.169
201712 2.920 104.500 3.235
201803 2.955 105.300 3.249
201806 2.997 104.900 3.308
201809 3.003 106.600 3.262
201812 3.223 106.500 3.504
201903 3.042 107.700 3.270
201906 3.103 107.700 3.336
201909 3.111 109.800 3.281
201912 2.431 111.200 2.531
202003 3.011 112.300 3.104
202006 2.839 110.400 2.977
202009 1.157 111.700 1.199
202012 -5.103 111.500 -5.299
202103 -4.173 112.662 -4.289
202106 -4.224 111.769 -4.376
202109 -4.302 112.215 -4.439
202112 0.645 113.108 0.660
202203 0.637 114.335 0.645
202206 0.624 114.558 0.631
202209 0.621 115.339 0.623
202212 0.718 115.116 0.722
202303 0.852 115.116 0.857
202306 0.844 114.558 0.853
202309 0.715 115.339 0.718
202312 0.763 114.781 0.770
202403 0.776 115.227 0.780
202406 0.788 114.781 0.795
202409 0.801 115.785 0.801

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.


Guangzhou Hongmian Zhihui Science and Technology Innovation Co  (SZSE:000523) Cyclically Adjusted Book per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Book per Share may underestimate the company's equity. Cyclically Adjusted PB Ratio can seem to be too high even the actual PB Ratio is low.

For the Cyclically Adjusted PB Ratio, the book value of the past 10 years are inflation-adjusted and averaged. The result is used for P/B calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PB Ratio is also called CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

Guangzhou Hongmian Zhihui Science and Technology Innovation Co's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=3.28/1.52
=2.16

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Guangzhou Hongmian Zhihui Science and Technology Innovation Co was 12.33. The lowest was 0.83. And the median was 2.25.


Be Aware

Cyclically Adjusted PB Ratio works better for cyclical companies. It gives you a better idea on the company's real book value.


Guangzhou Hongmian Zhihui Science and Technology Innovation Co Cyclically Adjusted Book per Share Related Terms

Thank you for viewing the detailed overview of Guangzhou Hongmian Zhihui Science and Technology Innovation Co's Cyclically Adjusted Book per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


Guangzhou Hongmian Zhihui Science and Technology Innovation Co Business Description

Traded in Other Exchanges
N/A
Address
No. 128 Huangpu Avenue East, Tianhe District, Guangzhou, Guangdong, CHN, 510660
Guangzhou Hongmian Zhihui Science and Technology Innovation Co Ltd formerly Lonkey Industrial Co Ltd is engaged in the manufacturing of detergents. The products of the company include washing powder, liquid detergent, soap, and daily cleaning materials.
Executives
Liao Jian Supervisors
Wang Zhi Gang Secretary Dong
Wang Ying Jie Executives
Chen Wen Executives
Chen Jian Bin Directors, executives
Cheng Zhi Bin Executives
Chen Tao Executives
Li Yun Supervisors
Fu Yong Guo Directors, executives
Chen Shu Xu Executives
He Wei Wen Supervisors

Guangzhou Hongmian Zhihui Science and Technology Innovation Co Headlines

No Headlines